Almaden Minerals (NYSE:AAU) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Almaden Minerals (NYSE:AAU) in a research report issued to clients and investors on Sunday. The firm set a “sell” rating on the stock.

Almaden Minerals Price Performance

Almaden Minerals stock opened at $0.15 on Friday. Almaden Minerals has a 12 month low of $0.11 and a 12 month high of $0.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 22.82 and a current ratio of 6.08. The business has a 50 day simple moving average of $0.14 and a 200-day simple moving average of $0.14.

Almaden Minerals (NYSE:AAU) last posted its quarterly earnings data on Wednesday, March 20th. The company reported ($0.06) earnings per share for the quarter.

Institutional Investors Weigh In On Almaden Minerals

Several institutional investors have recently bought and sold shares of the company. HRT Financial LP purchased a new position in shares of Almaden Minerals in the fourth quarter valued at approximately $64,000. Renaissance Technologies LLC purchased a new position in Almaden Minerals in the 4th quarter valued at $119,000. Susquehanna International Group LLP boosted its stake in Almaden Minerals by 564.4% during the 4th quarter. Susquehanna International Group LLP now owns 233,188 shares of the company’s stock worth $57,000 after purchasing an additional 198,088 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Almaden Minerals by 587.9% during the fourth quarter. Millennium Management LLC now owns 485,878 shares of the company’s stock worth $119,000 after buying an additional 415,244 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Almaden Minerals in the fourth quarter valued at about $28,000.

About Almaden Minerals

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Mexico. The company's principal asset includes a 100% interest in the Ixtaca gold-silver project located in Puebla State, Mexico. Almaden Minerals Ltd.